Forex Trading Tip – Which Group of People Often Become Forex Trading Millionaires?
Author: Monica Hendrix
If you want a Forex trading tip, then study the group of people who make the best Forex traders and its not mathematicians or geeks, who are the best at trading – it’s the following group…
Professional Blackjack and poker players are the most successful group and many become trading millionaires. Most of these traders don’t have a college education and most know nothing about mathematics. What they do have, is all the traits a trader needs to win. Let’s look at them.
The card player knows that once he starts to play, he is responsible for his success and is prepared to do play on his own and knows making profits rests on his shoulders and his alone. Contrast this with the bulk of Forex traders, who think a junk 100 buck robot, or sure fire system from a vendor will help them win and you know what happens to them – they get wiped out quickly.
Next, the professional card player plays the odds.
He knows he will lose hands and he will do so cheerfully, all he is concerned about is keeping his losses small. In Forex trading, most traders simply think they can pick tops and bottoms and will never lose and when they do, they get angry, frustrated and let their losses run which of course spells financial disaster.
The professional card player has the discipline to manage his money and when he gets a good hand, he is prepared to bet heavily and continue betting. Most Forex traders, not only lack the discipline to take losses, they can’t make big profits either, as they bank early.
Most of the super traders who come from a card playing background have simple systems but they operate them with robust money management and they execute their trading plan with tremendous discipline.
They know that a system needs to be simple, when trading an odds based market and the most important criteria needed to win is to execute a plan with discipline and keep losses small.
About the Author
FREE! ESSENTIAL TRADER PDF’s + FREE PROVEN FOREX ROBOT
CATCH THE BIG TRENDS NOW!
Get a proven, profitable FREE Forex Trading System and an exclusive proven RISK FREE Forex Trading Course visit our website and learn how to become a Forex trader.
